MDXHEALTH (MDXH) Stock Technical Analysis
NASDAQ:MDXH - Nasdaq - BE0974461940 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to MDXH. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MDXH is only an average performer.
The long and short term trends are both positive. This is looking good!
MDXH is part of the Biotechnology industry. There are 555 other stocks in this industry. MDXH outperforms 74% of them.
In the last month MDXH has a been trading in the 1.90 - 2.32 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, MDXH turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
MDXH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDXH is lagging the market.
Besides having an excellent technical rating, MDXH also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
1.94
2.33
We found 2 important support areas.
- Support @2.08 from a trend line in the daily time frame.
- A support zone ranging from 1.96 to 1.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.31 to 2.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MDXH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDXH is up. |
| ChartMill Relative Strength | 69.45 | NEUTRAL | MDXH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MDXH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDXH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MDXH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.93 | NEUTRAL | The RSI value for MDXH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MDXH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.4 | NEUTRAL | The Stochastics value for MDXH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for MDXH suggests high volalility. |
| Average Directional Index/ADX (14) | 27.49 | POSITIVE | The high ADX value value for MDXH suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.14 | 2.04 | 0.10 (4.78%) | 20.94% |
| An entry @2.14. This is a Buy Stop order right above the 10 day moving average. | An exit @2.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.10 points, which is 4.78%. | For a 1.00% total portfolio risk, you can invest 20.94% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MDXH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.12
-0.09 (-4.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.07%
1 Week-3.64%
2 Weeks6.53%
1 Month-3.64%
3 Month43.24%
6 Month-8.62%
12 Month-9.4%
2 Year-42.39%
3 Year-69.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%6.1%
ATR Inc-0.61%
Range Today0.1
ADR(20)0.13
ADR(20)%5.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.45
Mansfield-0.65
10 Day High2.32
10 Day Low1.9
20 Day High2.32
20 Day Low1.9
52 Week High3.5
52 Week Low1.35
CS1 End2.05
CR1 StartN/A
Volume & EV
DER(3)1.77%
DER(5)-0.64%
Volume7.20K
Volume Incr-21.78%
Vol(5)56.00K
Vol(50)73.17K